Friday, January 10, 2014

EPIC AGRI COMMODITY UPDATE: CRUDE PALM OIL






CPO trading range for the day is 537.2-545.
Crude palm oil settled flat tracking weakness in spot demand and overseas prices as a round of technical selling pressured prices
Worries that rising edible oil supplies would outstrip global demand also lingered as sluggish exports could keep palm oil stockpiles elevated
Investors will be watching out for cargo surveyor export data for the first 10 days of January, to be issued on Friday
Crude palm oil prices
in spot market dropped by 2.60 and settled at 534.10 rupees.

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